Overview

• The CBO’s dynamic score finds Trump’s “one, big beautiful bill” will raise federal deficits by $2.8 trillion over the next decade.
• The analysis factors in higher GDP growth and interest rates, surpassing the CBO’s earlier static estimate of a $2.4 trillion deficit increase.
• Projected borrowing costs would boost interest payments by $441 billion and increase public debt by $3.3 trillion by 2034.
• Senate Republicans are drafting deeper Medicaid cuts, including work requirements for parents of teens, to help finance more permanent tax breaks.
• The proposal extends and expands the 2017 tax cuts, introduces over $1 trillion in new tax breaks and ramps up defense and homeland security funding by $350 billion.